AmTrust Financial Services Earnings: Everything You Must Know Now
AmTrust Financial Services, Inc. (NASDAQ:AFSI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
AmTrust Financial Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24.62% to $0.81 in the quarter versus EPS of $0.65 in the year-earlier quarter.
Revenue: Rose 37.08% to $567.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AmTrust Financial Services, Inc. reported adjusted EPS income of $0.81 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $454.87 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 10.78% from $512.54 million in the previous quarter. EPS increased 5.19% from $0.77 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.76 to a profit $0.75. For the current year, the average estimate has moved down from a profit of $3.15 to a profit of $3.11 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)